When should a risk be avoided?
A)When the risk event has a low probability of occurrence and low impact
B)When the risk event is unacceptable -- generally one with a very high probability of occurrence and high impact
C)When it can be transferred by purchasing insurance
D)A risk event can never be avoided

Question

Quizplus · Accepted Answer

Risk avoidance is a strategy employed when a risk presents an unacceptable threat to a project or an organization, typically characterized by a very high likelihood of occurring and a high impact on objectives. In such cases, actions are taken to eliminate the risk entirely, often by changing plans or strategies to bypass the risk.

When Should a Risk Be Avoided